Personal guaranty really depends on relationship with bank and secondarily, your net worth.

Also, what type of bank or lender would loan you money on this type of investment??

“Why would you pay me 6% when you could get 4% from a bank?”

The bank had started foreclosure twice and it was cancelled twice.

I asked him why he just didn't take out a larger loan or a HELOC and he said he didn't have time to go to the bank to do that.

When you go to refinance it, the bank may appraise it lower than you're expecting.

If its 80 spaces, 40 of which are empty and getting filled on failing septics it will be a different story.

The problem is that I have been self employed for 1 1/2 years and wont qualify for a bank loan.

Yes yes I'm in my third day today is Saturday I am still skeptical a little exhausted and I am trying to understand why I have not retained any of the express information that the instructor has been throwing out there for 2 days maybe it's just me. and I don't understand why I am trying to pull credit to pay for a program that I thought was doable for the $1,147 I spent that was my introductory cost after attending the class on the second day I find that there are advanced classes that they would like you to apply for I'm a little confused so I'm not only using their resources but I am buying into a system that I had no idea that I was getting ready to buy into LOL if this makes any sense please reply note I am submitting retirement documents regarding my 401k bank statement regarding my savings and banking account checking and I'm online applying for a $20,000 credit line help reply thanks.

Its an art form in picking out the right partners. most of them fail.